Preferred Provider Organization (PPO):
The preferred provider organization, or “PPO”, is a combination of traditional fee-for-service and an HMO. Like an HMO, there are a limited quantity of doctors and hospitals to choose from. Whenever you use those companies (sometimes known as “preferred providers”, other times called “network providers”), most of your healthcare expenses are covered. Whenever you go to doctors within the PPO, you present a card and don’t need to fill out forms. Generally there is a small co-payment for every visit. You might require to pay deductible and co-insurance amounts.

Health Maintenance Organization (HMO):
The HMO plan offers a great choice for those who feel more safe under the care of a primary care doctor who oversees all of their medical treatments. Beneath the HMO, you’re placed with a doctor of your choice (within the plan), who will be your regular physician and make suggestions concerning your care. This plan is cheaper than PPO plan in context of premiums.

Free-For-Service plans (FOS):

The Free for Service plan offer the most choices regarding healthcare specialists and facilities. For an additional fee the policy holder may choose their own medical options. The insured needs to pay a preset deductible amount, before the insurance supplier gives money for these services. The company pays 80% of the total cost and the other 20% ought to be paid from your own pocket.

Point-Of-Service plans (POS):

They are indemnity-type of health plans provided from the HMOs. According to this plan, you will get service from primary care doctors and then these doctors refer other healthcare companies. However, if the referral is outside the network, the health plans pay all or the majority of the healthcare bill.

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Description Of Different Types Of Health Insurance Plans is a post from: WiredWriter